Royal Jordanian reported a 2018 net loss of JD5.9 million ($8.3 million), compared to a net profit of JD274,000 in the previous year, with the shutdown of its Royal Wings subsidiary and shifts in exchange rates contributing to the weak performance, the airline said. While revenue grew 8% year-over-year to JD653.3 million and net operating profit rose 47% to JD19 million, operating costs rose 7% to JD562.9 million. Expenses were led by a 28% increase in average fuel price, which amounted to ...

Subscribe to Access this Entire Article

"Royal Jordanian posts 2018 loss on Royal Wings shutdown, exchange rates " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.